WASHINGTON (US) – In what is seen as a bid to deflect criticism in a Congressional hearing next week regarding the use of market clout to hurt rivals, the CEOS of four large US tech firms have said that they themselves face stiff competition.
The CEOs of Facebook, Amazon.com Inc, Google and Apple, are slated to speak before the House Judiciary Committee’s antitrust panel on July 27 virtually and present their testimonies.
The panel is investigating whether or not the firms worked to harm and eliminate smaller rivals.
Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Apple’s Tim Cook and Google’s Sundar Pichai will appear for the hearing. It is likely to spark a aface-off between the executives and Republican and Democrat lawmakers.
Apple will be questioned about the manner in which it manages its app store after drawing flak for hurting newcomers.
The other tech firms will argue that they face stiff competition.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field